Azerbaijani oil price settles above $98

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has increased by $1.65 or 1.71% to $98.37 per barrel, Report informs.

Yesterday, the Brent crude price traded at $93.37 per barrel.

The average oil price in Azerbaijan''s state budget for 2022 was set at $85 per barrel.

The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.